ALX Oncology Holdings Inc.
1.5900+0.05 (+3.25%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · ALXO · USD
Key Stats
Market Cap
85.15MP/E (TTM)
-Basic EPS (TTM)
-2.16Dividend Yield
0%Recent Filings
8-K
Leadership transition announced
ALX Oncology reshuffles leadership to sharpen clinical execution, with Barbara Klencke, M.D., resigning from the board on September 17, 2025, to become interim Chief Medical Officer, while Alan Sandler, M.D., steps down as CMO on September 26 but rejoins the board. This swap leverages Klencke's 30 years in oncology development, including stints at Sierra Oncology and Genentech, to drive evorpacept and ALX2004 programs. Board committees realign for stability. Compliance with Nasdaq's $1.00 minimum bid price was regained on September 4, 2025.
10-Q
Q2 FY2025 results
ALX Oncology narrowed its Q2 FY2025 net loss to $25.9M from $39.4M y/y, driven by a 48% drop in R&D expenses to $18.0M after completing evorpacept manufacturing and a 30% workforce cut, while G&A fell 21% to $5.5M; an impairment charge of $3.2M hit from subleasing Palo Alto space. Operating loss improved 36% y/y to $26.6M, with diluted EPS at -$0.49 versus -$0.76 y/y, confirmed against 53.4M weighted shares. Cash and investments stood at $83.5M, down from $131.3M y/y but sufficient into Q1 2027, backed by a $10.0M term loan maturing 2027 at SOFR+6.25% with $25.0M available at lender discretion and no covenant breaches. No M&A or non-GAAP metrics disclosed. Competition from CD47 rivals like Gilead and Pfizer threatens evorpacept's immuno-oncology edge.
8-K
ALX Q2 loss narrows; CD47 biomarker shines
ALX Oncology reported Q2 2025 net loss of $25.9 million, down from $39.4 million last year, with R&D expenses dropping to $18.0 million amid pipeline prioritization that extended cash runway to Q1 2027 at $83.5 million. ASPEN-06 data revealed CD47-high HER2+ gastric cancer patients achieving 65% ORR with evorpacept versus 26% control, prompting ASPEN-Breast's single-arm redesign for interim readout in Q3 2026. ALX2004 Phase 1 dosing starts August, targeting EGFR+ solid tumors. Board added Daniel Curran, M.D., for his pharma expertise. This refocus sharpens biomarker-driven progress, yet clinical risks persist.
8-K
Annual meeting results announced
ALX Oncology Holdings Inc. held its annual stockholder meeting on June 11, 2025, electing Scott Garland and Barbara Klencke, M.D., as Class II directors until 2028. Stockholders approved executive compensation on an advisory basis and ratified KPMG LLP as auditors for 2025. Votes showed strong support for directors and auditors, yet mixed views on pay. Governance stays steady.
10-Q
Q1 FY2025 results
ALX Oncology narrowed its net loss to $30.8M in Q1 FY2025 ended March 31, 2025, from $35.6M y/y, as research and development expenses dropped 25% to $23.9M on lower clinical costs and no milestone payments, while general and administrative rose 31% to $7.9M from severance. Operating loss improved 16% y/y to $31.8M, with diluted EPS of -$0.58 on 53.4M shares, reconciling to net loss without anti-dilution. Cash and investments stood at $107.0M, down from $131.3M q/q, supporting operations into Q4 2026; free cash flow not disclosed in the 10-Q. A $10.0M term loan matures October 2027 at SOFR + 6.25%, with $25.0M available at lenders' discretion. Nasdaq notified non-compliance with $1.00 minimum bid price on April 23, 2025, granting 180 days to October 20, 2025, to regain compliance. Competition from CD47-targeting therapies could erode evorpacept's edge.
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